NPAs, Bad Loans and CDRs Being Audited

Feb 28 2014

February 28: The RBI’s fight against NPAs and bad loans has significantly escalated ever since Raghuram Rajan took over as RBI Governor. Sources tell Bloomberg TV India that the RBI has now told banks to get the severe cases of NPAs and bad loans audited. In an exclusive, we give you the details of the order, the chosen auditors and how banks are likely to comply with RBI’s directive.